EchoVC Partners

EchoVC Partners LLC is a venture capital firm headquartered in Lagos, Nigeria, that specializes in seed and early-stage investments across various technology sectors. Founded in 2011, the firm is stage agnostic and focuses on internet-based technologies, including smart graph platforms, consumer internet services, smart data applications, and semantic technology. It also prioritizes investments in e-commerce, digital media, software, and enterprise solutions, with a particular interest in supporting women and underserved entrepreneurs. While EchoVC does not have a specific geographical preference, it emphasizes opportunities in North America, Africa, and Southeast Asia, particularly targeting underserved markets in these regions. The firm typically invests between $25,000 to several million dollars, depending on the specific needs of the business. By leveraging insights from Silicon Valley, EchoVC aims to foster local entrepreneurial ecosystems and support high-potential growth companies.

Tsendai Chagwedera

Associate Principal and Regional Head, East Africa

Eghosa Omoigui

Founder and Managing General Partner

Past deals in Sub Saharan Africa

ShopEX

Pre Seed Round in 2022
ShopEX is a teleshopping startup that aims to provide a unique shopping experience distinct from traditional eCommerce platforms. The company operates a multi-channel retail business, primarily focusing on television shopping, which allows customers to order products by phone and online. ShopEX offers Nigerians access to a range of international products across key categories such as lifestyle, fitness, and kitchen essentials. By providing innovative and proven products at affordable prices, ShopEX seeks to enhance everyday life for its customers.

Traction Apps

Seed Round in 2022
Traction Apps is a developer of a financial platform tailored for small businesses, facilitating payment acceptance and overall financial management. The platform equips users with essential tools for monitoring sales, sending invoices, receiving payments, and managing inventory. Additionally, it provides retailers with access to financing options, aiding in business expansion and operational efficiency. By addressing the specific needs of small businesses, Traction Apps aims to streamline financial processes and enhance business growth.

Octamile

Pre Seed Round in 2021
Developer of digital insurance platform designed to empower the African insurance ecosystem with data and technology. The company's platform supports providers, brokers and agents, and fintech companies to improve their business processes, distribute insurance products, and make new data-driven products, as well as provides claims for automation, vehicle valuation, history, and breakdown cover, enabling clients to simplify access in financial infrastructure efficiently.

Shuttlers

Seed Round in 2021
Operator of a tech-enabled bus-sharing company intended to provide professionals in metropolitan cities access to efficient, comfortable, and safe transportation. The company's platform helps to access efficient shared transportation for users to find, book, and share bus rides for commuting to work and back home, enabling customers to experience a simpler and better way to commute.

Ando

Pre Seed Round in 2021
Operator of a cloud kitchen platform intended to build food brands for delivery. The company provides food via its in-house brands on its platform and also runs a dark-kitchen model for the delivery of its in-house menu, enabling food enthusiasts to select from a range of nearby restaurants and receive quick food delivery.

Wapi Pay

Pre Seed Round in 2021
Wapi Pay is a financial technology company that provides a payments gateway facilitating digital transactions between Africa and Asia through mobile money and bank accounts. Founded in 2019 and headquartered in Nairobi, Kenya, with additional offices in Africa, Singapore, and Beijing, Wapi Pay offers platform-to-platform integrations, global accounts, and virtual wallets. The company enables organizations to process bulk payments across multiple mobile platforms, catering to needs such as salary disbursement and business purchases. Wapi Pay's services are designed to be faster and more cost-effective than traditional telegraphic transfers, allowing customers to choose various payment methods, including bank-to-bank and wallet-to-wallet transfers. Its proprietary infrastructure ensures instant liquidity and compliance, with transaction completion guaranteed within 24 hours. The platform supports mass payments for corporate clients, merchant transactions for small and medium-sized enterprises, and peer-to-peer payments, positioning itself as a leading financial solution for cross-border payments.

MarketForce

Seed Round in 2020
MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.

Quickbus

Seed Round in 2020
QuickBus operates as an online marketplace ticketing system. QuickBus allows users to see reviews for different buses in Africa and book their seats online through its mobile application.

Lori Systems

Series A in 2019
Lori Systems Corp. develops, owns, and operates a logistics platform that helps to connect transport with cargo. It serves transporters and cargo owners. The company was founded in 2016 and is based in Nairobi, Kenya with additional offices in Mombasa, Kenya; Kampala, Uganda; and Lagos, Nigeria.

WorldCover

Series A in 2019
WorldCover operates a peer-to-peer risk relief network aimed at protecting farmers from natural disasters, particularly droughts, through an innovative insurance platform. Founded in 2015 and headquartered in New York, the company utilizes satellite technology and mobile money to deliver cost-effective crop insurance to smallholder farmers, primarily in developing countries. By leveraging remote sensing and advanced risk modeling, WorldCover addresses the significant climate risks faced by farmers, improving their food and income security. The platform not only provides financial protection to farmers but also offers investors an opportunity for diversified returns with a direct social impact, targeting the substantial market of individuals reliant on agriculture for their livelihoods.

SystemOne

Series A in 2018
SystemOne Technologies, Inc. specializes in developing data-driven healthcare solutions focused on disease surveillance and response. Founded in 2012 and headquartered in Springfield, Massachusetts, with an additional office in Johannesburg, South Africa, the company offers GxAlert, a software platform that provides vital information on disease patterns, treatment outcomes, and clinical diagnoses. This platform facilitates the real-time movement of critical health data, enabling healthcare providers to make informed decisions regarding resource allocation and patient treatment. By connecting devices and streamlining data flow, SystemOne enhances global healthcare services and ensures that every positive diagnosis is accurately linked to patient care.

Cellulant

Series C in 2018
Cellulant Corporation develops and provides one-stop mobile payments platform for connecting businesses and governments in Africa. The company offers consumer payment, digital and neighborhood agency banking, and remittance solutions. It provides Mula, a payment platform; Agrikore, a blockchain based contracting and digital payment tool for agriculture sector; and Tingg, a solution for making and receiving card, bank, and bill payments. Cellulant Corporation was founded in 2004 and is headquartered in Nairobi, Kenya.

Easyshop Easycook

Seed Round in 2018
Easyshop Easycook Services Limited is a Nigerian online grocery delivery platform based in Lagos that specializes in retailing a wide range of products, including fresh food, perishables, non-perishables, and household items. Founded in 2006, the company serves a diverse clientele, including working professionals, homes, offices, and restaurants, by providing a marketplace that connects suppliers and buyers. Easyshop Easycook offers customized shopping services tailored to the needs of customers who face challenges in meeting their grocery shopping requirements due to work and time constraints. By delivering quality food products and other grocery items directly to customers' doorsteps, the company aims to make grocery shopping convenient and accessible at reasonable prices.

Frontier Car Group

Series B in 2018
Frontier Car Group is a berlin-based startup who develop, launch, and operate used-automotive marketplaces within emerging market economies, with operations in Nigeria, Mexico, Argentina, Colombia, Chile, Pakistan, and Indonesia. Additionally, we are successfully engaging in two joint ventures with OLX in India and Poland. We increase the efficiency of selling and buying cars through technology, infra-structure creation, access to capital and innovative business models that allows all stakeholders to gain from our impact.

MyPadi

Seed Round in 2018
MyPadi Networks Technology Limited operates an off-campus hostel booking and roommate finding platform in Nigeria, connecting students with safe and affordable accommodations near various educational institutions. Founded in 2016 and based in Abuja, the company was previously known as HostelsVilla.com. MyPadi.ng has established itself as a leading resource for students seeking off-campus housing, offering a user-friendly interface that includes photographs, video tours, pricing, and profiles of potential roommates. The platform features listings from verified landlords, providing students with comprehensive information about available accommodations near their schools and colleges.

LifeBank

Seed Round in 2018
LifeBank, founded in 2015 and headquartered in Lagos, Nigeria, specializes in the delivery of blood and medical products to hospitals and blood banks across Africa. The company operates a marketplace through its application, which allows healthcare facilities to efficiently source the necessary blood and blood products for patients. LifeBank's innovative platform includes a blood donor database that encourages community participation in blood donation. Additionally, the company boasts a streamlined logistics system that ensures timely delivery of products and offers a user-friendly payment solution. Through these services, LifeBank aims to enhance the accessibility and reliability of blood supply in the region.

Frontier Car Group

Series A in 2017
Frontier Car Group is a berlin-based startup who develop, launch, and operate used-automotive marketplaces within emerging market economies, with operations in Nigeria, Mexico, Argentina, Colombia, Chile, Pakistan, and Indonesia. Additionally, we are successfully engaging in two joint ventures with OLX in India and Poland. We increase the efficiency of selling and buying cars through technology, infra-structure creation, access to capital and innovative business models that allows all stakeholders to gain from our impact.

Cars45

Series A in 2017
Cars45 buys, sells, prices, and rates the condition of pre-owned autos. The Cars45 process begins online, where owners enter their vehicle information for a free quote. They can then schedule an appointment at one of the company’s 13 inspection centers in Nigeria. After a multi-point evaluation including engine, brakes, tires, and a road-test, Cars45 makes an offer. If accepted, the company commits to wire payment to the owner’s bank account within 45 minutes. After pricing and creating a digital service history, Cars45 offers the autos it acquires to a private network of buyers.

Ma3Route

Seed Round in 2016
Ma3Route is a mobile, web, and SMS platform that crowd-sources for transport data and provides users with information on traffic, matatu directions, and driving reports. It aims to make traveling easier in developing countries by democratizing timely transport information. The platform also hopes to bring sanity to the roads and inform city planning and transport regulation in emerging economies through the provision of transport data and trend analysis. Ma3Route was launched in 2011 and is based in Ngong, Kenya.

S&T Media

Seed Round in 2016
S&T Media operates a digital advertising platform that focuses on out-of-home advertising. The company specializes in the installation of digital screens at petrol filling stations, providing a unique venue for advertisements. In addition to this, S&T Media offers online media advertising services tailored for small to medium-sized enterprises and brands. This dual approach enables clients to promote their products and services effectively, reaching their target demographics with greater efficiency.

Printivo

Seed Round in 2015
Printivo Ltd. is a Nigerian company that offers online printing services tailored for startups and small to medium-sized enterprises. Founded in 2013 and based in Lagos, Printivo provides a diverse array of products, including business cards, banners, flyers, greeting cards, and promotional items such as custom mugs and stickers. The company features an interactive online platform where users can browse and customize hundreds of design templates, allowing them to upload images and insert logos. This service aims to streamline the printing process, making it more efficient and accessible for businesses in Nigeria. By leveraging technology and a wide range of design options, Printivo seeks to enhance the marketing capabilities of its customers and transform the local printing industry.

Hotels.ng

Seed Round in 2015
Hotels.ng is an online travel agency that focuses on hotel bookings across Nigeria. Founded in 2012 and based in Lagos, the company allows clients to reserve hotel rooms through its platform, ensuring a smooth booking experience. Hotels.ng also offers extensive assistance, including hotel recommendations and customer reviews, aimed at helping clients find clean and safe accommodations throughout the country. By prioritizing customer support and user-friendly service, Hotels.ng enhances the overall travel experience for its users.

Africa Courier Express

Seed Round in 2014
ACE (Africa Courier Express) is an African enterprise that engages in delivering logistics solutions to both businesses and consumers.
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